Financial Daily from THE HINDU group of publications
Thursday, December 15, 2005
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Financial Daily from THE HINDU group of publications Thursday, December 15, 2005 |
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MONEY & BANKING INSIGHT 
Does the RBI need revamping?With the rise of India as a global economic player and its financial stakes assuming mammoth and complex proportions, the scope and functions of the Reserve Bank of India need to be put on a sound footing. Emerging challenges such as financial sector and market stability and enlarging the concept of accountability through greater recourse to transparency all need a strong, independent central bank, says B. S. Raghavan. More FOREX Rupee gains 30 paise; gilts firmer MUMBAI: The rupee gained more than 30 paise against the US dollar on Wednesday as the market interpreted the US Federal Reserve statement as an indication of slowing down of rate hikes. On Wednesday, the rupee opened at 45.93/94 and gained ... More STOCKS 
Bank stocks shineBANKING stocks were in the limelight on Dalal Street on Wednesday on a couple of triggers. The Parliament's Standing Committee on Finance approved the proposal to lift the cap of 10 per cent on voting rights in private banks and to allow ... More NBFCS M&M financial arm plans IPO MAHINDRA & Mahindra Financial Services Ltd (MMFSL) has informed the BSE that its members have approved a fresh issue not exceeding 1.5 crore equity shares including a green-shoe option, through an IPO. The price would be determined under the ... More LIFE INSURANCE Bajaj Allianz Life unveils 4 plans BAJAJ Allianz Life Insurance has launched a battery of products to meet its target of Rs 2,000 crore of new business premium by the fiscal end.The company on Wednesday launched four new products — three unit-linked and one health-oriented ... More GENERAL INSURANCE Bajaj Allianz General geared for prompt action on motor claims INSURERS prefer bulk customers. This ensures large volumes; and a substantial saving on transaction costs. For life insurance, the industry average for commissions paid to agents is 25 per cent of the first year's premium. Comparable figures are ... More PRIVATE BANKS Move on voting rights opposed BANK unions are totally opposed to the dilution of the existing cap on voting rights at 10 per cent, said Mr C.H. Venkatachalam, General Secretary, United Forum of Bank Unions. A Parliamentary Standing Committee on Finance has given its ... More PUBLIC SECTOR BANKS Hiking capital: PSBs averse to floating perpetual bonds PUBLIC sector banks are disinclined to float perpetual bonds for long-term capitalisation and have instead favoured preference or non-voting shares. The proposal to raise capital in the form of perpetual bonds was mooted by the Reserve Bank of ... More TRADE & LABOUR UNIONS Bank union sees need for floor lending rate THE Monopolies and Restrictive Trade Practices Commissions (MRTPC)'s reported attempts at stopping bankers from reaching a consensus on industry-wise floor levels on lending rates has come under attack. Emphasising the need for some informal ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Focus Trends in IT - 2005 FDI in retail sector Indian Aviation: Sky is the limit India Inc's bonus bonanza India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Dec. 4-Dec. 10 Bonds remain firm on softening crude rates Crop cover: Satellite images to assess claim payouts Is multiple floor rates the remedy? Caution marks banking deals with Pakistan SBI upgrades plan to roll out ATMs — We expect explosive growth on this front: Purwar Forex reserves rise $921 m IRDA plans third-party risk pool for motor insurance |
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